Graphano Energy Ltd. (TSXV: GEL) (OTCQB: GELEF) (FSE: 97G0) has successfully completed its winter drilling program on the Standard and Lac Aux Bouleaux (LAB) Graphite Properties in Quebec.
Winter Drilling Completion at Graphano’s Quebec Graphite Properties
Chief Executive Officer, Luisa Moreno, expressed satisfaction with the drilling campaign and expects favorable outcomes from the identified graphite mineralization. Results from the drill holes are pending and will be disclosed in the upcoming weeks.
Details of the Drilling Campaign
Graphano drilled 30 holes totaling 3,025 metres, with 17 holes at the Standard Mine and 13 at LAB. The company is concurrently developing both sites and collaborating with Mercator Geological Services on a preliminary mineral resource estimation.
Graphite Market and Opportunities
Luisa Moreno shed light on the burgeoning graphite sector driven by the demand for lithium-ion batteries in electric vehicles. North American graphite suppliers stand to gain from market shifts, including China’s domestic policies and U.S. restrictions on battery components.
About Graphano Energy Ltd.
Graphano Energy Ltd. is dedicated to the exploration and development of energy metals for a sustainable future. The company is strategically positioned next to Canada’s sole producing graphite mine and is preparing its resources to cater to the increasing demand from advanced technology industries.
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